SanDisk’s Flash Drives Power a 500% Rally and Fresh S&P 500 Inclusion
Your junk drawer is likely full of SanDiskSNDK flash drives, but that graveyard hasn’t slowed this dark horse. While AI investors fixated on data center and energy plays, booming demand for data storage has propelledSNDK by 512.5% this year. Fresh off an S&P 500 debut, this misunderstood consumer name has reemerged as a crucial player in AI infrastructure.
- In its latest quarter, SanDisk reported a 23% year-over-year revenue increase to $2.31B — showing notable strength with a 26% surge in data center sales.
- Boasting several hyperscaler deals, the company supports every stage of AI data processing — from ingestion and training to inference and edge computing.
Anything but floppy: While gaining a spot in the S&P 500 promises an influx of institutional buyers, SanDisk isn’t the only storage name surfing the AI tidal wave. Peers like MicronMU, SeagateSTX, and Western DigitalWDC are also cashing in on demand for faster, bigger drives, even if they haven’t matchedSNDK’s wild sprint. But with the market getting choppier lately, it’s fair to wonder whether these “boring” hardware names can keep delivering — or if this run is due for a reboot.